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See how verdicts work3-bedroom flat · NR31 6RF
For saleReduced £50k (−27%) on 21 OctListed 300 days
Opportunity summary
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About
Pymm & Co Auctions are delighted to offer an exciting freehold mixed-use investment and development opportunity located in the heart of Gorleston's popular High Street, just a short stroll from the seafront.
Comprising a spacious commercial unit with basement and storage areas, plus a large three-bedroom maisonette above, this property offers a wealth of potential for investors, business owners, or developers alike.
The Property The ground floor, known as 93 High Street, was most recently operated as a restaurant but is now vacant and ready for a new occupier.
The commercial premises offer a versatile layout that could easily lend itself to a range of retail, food, or service-based uses (subject to any necessary consents).
The shop area includes a main trading space, preparation area, kitchen facilities, WC, and excellent storage provisions throughout.
A basement level and other areas provides additional storage options, perfect for stock or equipment.
To the rear, there is an outside seating area, ideal for hospitality or café-style use a rare and valuable feature on this busy high street.
The premises previously generated an annual rental income of £19,300 per annum, reflecting the strength of the location and the commercial potential of the property.
The Accommodation Above Above the shop, with independent access, is 93A High Street, a well-proportioned and well maintained three-bedroom maisonette arranged over two floors.
The flat is currently vacant but was most recently let at £10,500 per annum, offering a steady and reliable income stream.
The accommodation includes a fitted kitchen, lounge, bathroom, and three good-sized bedrooms, providing comfortable living space suitable for long-term letting, holiday accommodation, or even owner occupation.
Location Situated on Gorleston's thriving High Street, the property enjoys a prime position surrounded by a mix of independent retailers, cafés, restaurants, and essential local services.
The area benefits from high footfall throughout the year and a growing residential population.
Gorleston Beach a stunning sandy stretch popular with locals and tourists alike lies just a short distance away, enhancing the appeal for both the commercial and residential elements of the property.
Excellent transport links serve the town, with Great Yarmouth and Lowestoft both easily accessible by road and public transport.
Investment Highlights Freehold mixed-use property comprising commercial unit and three-bedroom maisonette Both elements vacant, providing immediate scope for re-letting or occupation Previous rental income: Shop: £19,300 per annum Flat: £10,500 per annum Total potential income: £29,800 per annum Prominent High Street location close to shops, amenities, and the beach Outside seating area offering excellent trading potential Ideal for investors, owner-occupiers, or developers seeking a high-yielding coastal opportunity This is a fantastic opportunity to acquire a substantial freehold property in a sought-after and vibrant coastal location.
With strong rental history, vacant possession, and the flexibility to adapt or enhance the existing layout, 93 & 93A High Street, Gorleston represents an appealing prospect for anyone looking to maximise returns or establish a business presence in this bustling seaside town.
Please request the auction legal pack to view full legal documents and property details.
Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 93&93a, High Street, Great Yarmouth
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